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Hello, I need help understanding how to do these problems. Thank you in advance! 47. For the remaining problems, assume that the supervisor values accountability
Hello, I need help understanding how to do these problems. Thank you in advance!
47. For the remaining problems, assume that the supervisor values accountability but that he is no longer impartial but rather is a stakeholder. Specifically, the supervisor is one of the two workers, viz, worker l, whose utility function is: u, -4)2 How much will he pay himself, h ? 48. Continue to assume that the supervisor is one of the workers and values accountability but suppose his utility Rinction is now: How much will he pay himself? 49. Still assuming the supervisor is a worker and values accountability, how much will-he pay himself, if his utility function is: u, =30h -O.I.(YI
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